Bare Financial Services Inc Invests $321,000 in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG)

Bare Financial Services Inc purchased a new position in shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) in the fourth quarter, HoldingsChannel reports. The fund purchased 4,120 shares of the company’s stock, valued at approximately $321,000. Vanguard Russell 1000 Growth ETF makes up approximately 0.6% of Bare Financial Services Inc’s holdings, making the stock its 20th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Avantax Advisory Services Inc. lifted its position in Vanguard Russell 1000 Growth ETF by 114.4% during the third quarter. Avantax Advisory Services Inc. now owns 10,661,133 shares of the company’s stock valued at $729,648,000 after buying an additional 5,689,290 shares in the last quarter. LPL Financial LLC lifted its position in Vanguard Russell 1000 Growth ETF by 3.7% during the third quarter. LPL Financial LLC now owns 4,923,244 shares of the company’s stock valued at $336,947,000 after buying an additional 175,601 shares in the last quarter. Morgan Stanley lifted its position in Vanguard Russell 1000 Growth ETF by 0.9% during the third quarter. Morgan Stanley now owns 4,773,262 shares of the company’s stock valued at $326,682,000 after buying an additional 43,855 shares in the last quarter. TIAA Trust National Association lifted its position in Vanguard Russell 1000 Growth ETF by 1.4% during the fourth quarter. TIAA Trust National Association now owns 4,274,074 shares of the company’s stock valued at $333,463,000 after buying an additional 57,382 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Vanguard Russell 1000 Growth ETF by 7.5% during the third quarter. Envestnet Asset Management Inc. now owns 3,881,900 shares of the company’s stock valued at $265,677,000 after buying an additional 270,168 shares in the last quarter.

Vanguard Russell 1000 Growth ETF Price Performance

VONG stock traded up $1.10 during midday trading on Thursday, reaching $83.81. 650,993 shares of the company’s stock traded hands, compared to its average volume of 859,394. The company has a market capitalization of $18.63 billion, a P/E ratio of 36.74 and a beta of 1.08. Vanguard Russell 1000 Growth ETF has a fifty-two week low of $62.10 and a fifty-two week high of $87.75. The business has a 50-day moving average price of $85.23 and a two-hundred day moving average price of $79.52.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 22nd were given a dividend of $0.155 per share. The ex-dividend date was Thursday, March 21st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.74%.

Vanguard Russell 1000 Growth ETF Profile

The Vanguard Russell 1000 Growth ETF (VONG) is an exchange-traded fund that is based on the Russell 1000 Growth index. The fund tracks an index of US large- and mid-cap stocks selected from the Russell 1000 Index with high growth characteristics, based on Russell’s style methodology. VONG was launched on Sep 20, 2010 and is managed by Vanguard.